How bad is our Indian Economy?

The debate over economic slowdown turned even hotter after senior BJP leader Yashwant Sinha blamed Arun Jaitley and Modi government for putting Indian economy in a sorry state is in with ill-thought economic policies. Sinha claimed to be speaking on behalf of several other BJP members who have kept their silence out of fear. Amidst all the harsh words being exchanged, how dire a situation Indian Economy is in?